Spruce Power Holding (SPRU) Operating Expenses (2019 - 2025)
Spruce Power Holding recorded quarterly Operating Expenses of $21.8 million in Q4 2025, down 2.08% quarter-over-quarter from $22.2 million in Q3 2025, and down 18.33% year-over-year from $26.7 million in Q4 2024.
Spruce Power Holding's Operating Expenses history runs 7 years deep, the most recent figure standing at $21.8 million for Q4 2025.
- In Q4 2025, Operating Expenses fell 18.33% year-over-year to $21.8 million; the TTM figure through Dec 2025 stood at $93.9 million (down 29.38% YoY), while the FY2025 annual figure was $93.9 million, down 29.15% from the prior year.
- Operating Expenses came in at $21.8 million for Q4 2025 at Spruce Power Holding, down from $22.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $58.5 million in Q3 2024 to a low of -$10.5 million in Q4 2021.
- A 5-year average of $22.8 million and a median of $23.0 million in 2023 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 7038.29% in 2021 and fell as far as 366.27% in 2021.
- Spruce Power Holding's Operating Expenses stood at -$10.5 million in 2021, then surged by 440.12% to $35.7 million in 2022, then sank by 32.2% to $24.2 million in 2023, then advanced by 10.14% to $26.7 million in 2024, then retreated by 18.33% to $21.8 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $21.8 million, $22.2 million, and $24.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 188.46 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 130.04 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 55.90 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -232.93 Mn |
| 10 | Spruce Power Holding | 54.20 Mn | -36.52 Mn | 16.96 Mn | 21.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 21.78 Mn |
| Sep 30, 2025 | 22.24 Mn |
| Jun 30, 2025 | 24.34 Mn |
| Mar 31, 2025 | 25.51 Mn |
| Dec 31, 2024 | 26.67 Mn |
| Sep 30, 2024 | 58.54 Mn |
| Jun 30, 2024 | 25.84 Mn |
| Mar 31, 2024 | 21.88 Mn |
| Dec 31, 2023 | 24.21 Mn |
| Sep 30, 2023 | 47.77 Mn |
| Jun 30, 2023 | 23.79 Mn |
| Mar 31, 2023 | 20.91 Mn |
| Dec 31, 2022 | 35.71 Mn |
| Sep 30, 2022 | 29.26 Mn |
| Jun 30, 2022 | 9.78 Mn |
| Mar 31, 2022 | 7.73 Mn |
| Dec 31, 2021 | -10.50 Mn |
| Sep 30, 2021 | 18.47 Mn |
| Jun 30, 2021 | 13.63 Mn |
| Mar 31, 2021 | 9.37 Mn |
| Dec 31, 2020 | 3.94 Mn |
| Sep 30, 2020 | 1.87 Mn |
| Jun 30, 2020 | 216,022.00 |
| Mar 31, 2020 | 131,264.00 |
| Dec 31, 2019 | 393,291.00 |
| Sep 30, 2019 | 131,890.00 |
| Jun 30, 2019 | 454.00 |
| Mar 31, 2019 | 375.00 |